Ophthalmic Viscosurgical Devices Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global ophthalmic viscosurgical devices (OVD) market was valued at approximately $1.5 billion in 2022 and is projected to reach around $2.3 billion by 2027. This represents a compound annual growth rate (CAGR) of 8.5% over the forecast period. The market expansion is driven by the increasing prevalence of eye disorders, advancements in ophthalmic surgical technologies, and a growing aging population requiring cataract and other ocular surgeries. The demand for OVDs is bolstered by the rising adoption of minimally invasive surgical procedures and the continuous innovations in product offerings, enhancing surgical outcomes and patient safety.
Opportunities within the ophthalmic viscosurgical devices market are emerging due to significant developments in the global healthcare infrastructure, particularly in developing regions. The expanding healthcare facilities and rising awareness about eye health in countries across Asia-Pacific and Latin America present lucrative growth prospects. Additionally, advancements in OVD formulations and delivery systems, aimed at improving efficacy and safety, are likely to create new avenues for market players. The shift towards personalized medicine and tailored OVD solutions for specific surgical needs further underscores the potential for market expansion and innovation.
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Abbott Medical Optics
Carl-Zeiss
Novartis
Johnson & Johnson
Roche
Pfizer
Allergan
Hyaltech
Valeant Pharma
CIMA Technology
Rayner
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Ophthalmic Viscosurgical Devices Market
Hospitals
Clinics
Others
Based on Types the Market is categorized into Below types that held the largest Ophthalmic Viscosurgical Devices market share In 2023.
Dispersive
Cohesive
Combined
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Ophthalmic Viscosurgical Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ophthalmic Viscosurgical Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ophthalmic Viscosurgical Devices Market, By Type
6. Global Ophthalmic Viscosurgical Devices Market, By Application
7. Global Ophthalmic Viscosurgical Devices Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Ophthalmic Viscosurgical Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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